Money


Government extends job retention scheme Government extends job retention scheme
- November 03, 2020

Responding to the Chancellor's announcement, Conor Murphy said: "For months I have pressed for the extension of the Furlough Scheme so that jobs can be protected". Mortgage borrowers impacted by the pandemic and who have not yet had a payment break will be entitled to a six-month holiday, while those that have already started a payment holiday will be able to top up to six months, the ministry said. (more...)
Shanghai stock exchange suspends Ant Group's IPO, Companies & Markets News & Top Stories Shanghai stock exchange suspends Ant Group's IPO, Companies & Markets News & Top Stories
- November 03, 2020

The bourse chose to push back the US$34 billion listing originally set to take place in Hong Kong and Shanghai this week, citing concerns that Ant would "fail to meet the issuance and listing conditions or information disclosure requirements", it said in a statement. (more...)
USA close: Stocks end session higher ahead of election USA close: Stocks end session higher ahead of election
- November 03, 2020

On Wall Street, the future for the benchmark S&P 500 index was up 0.8% and that for the Dow Jones Industrial Average added 0.6%. The Nasdaq composite picked up 0.4%. A contested election, conversely, would mean it could be weeks before the victor of the White House is certain. Democrats and Republicans have been haggling about a stimulus renewal for months, since the last round of supplemental benefits for laid-off workers and other stimulus expired. (more...)
London transport system secures £1.8 bn govt bailout London transport system secures £1.8 bn govt bailout
- November 03, 2020

The Mayor of London Sadiq Khan made the announcement on Sunday following an eleventh-hour deal reached with the government. "The only reason TfL needs government support is because it's fares income has nearly dried up since March". "It is important that central government and the GLA use the next months to develop a robust long term funding model for TfL that allows for capital investment, effective operation and - above all - a genuinely world class network that bolsters London's global ... (more...)
McDonald's Taking The McRib Sandwich Nationwide Starting December 2, 2020 McDonald's Taking The McRib Sandwich Nationwide Starting December 2, 2020
- November 03, 2020

Since then McDonald's relished in the news of McRib retro releases with many of them going on cross-country missions just to bite into the saucey sandwich. Similar to the McRib , the new treats are the first pastry items to join the menu in almost a decade. For those who've never had the opportunity to try it, McDonald's offers this tempting description of the "saucy, tangy, tender and shamelessly delicious" McRib: It's a tantalizing combination of "seasoned boneless pork slathered ... (more...)
Wall St gains on stimulus hopes, hints of Trump hospital discharge Wall St gains on stimulus hopes, hints of Trump hospital discharge
- November 03, 2020

Japan's Nikkei also added 0.41 percent. The Democrats passed their bill after negotiations with Treasury Secretary Steven Mnuchin collapsed, with the goal of being able to tout action, and GOP obstruction, heading into the election's season's home stretch. (more...)
USA manufacturing activity at highest levels in two years USA manufacturing activity at highest levels in two years
- November 03, 2020

The PMI is viewed as a leading economic indicator and a barometer of where manufacturing is heading. ISM said 15 of 18 industries reported economic expansion, including apparel, fabricated metal products, machinery, primary metals, transportation equipment and miscellaneous manufacturing. (more...)
QLD border will stay shut to Victoria, Greater Sydney QLD border will stay shut to Victoria, Greater Sydney
- November 03, 2020

As well as Greater Sydney, Queensland's border will also remain closed to Victoria. If unlinked cases appear in other NSW LGAs, Queensland Health would consider declaring those LGAs as hotspots as well. Today's decision, which affects about five million in the Greater Sydney region, is based on advice from Queensland's Chief Health Officer Jeannette Young. (more...)
Wales to introduce new national measures after firebreak ends Wales to introduce new national measures after firebreak ends
- November 02, 2020

Under the firebreak regulations, people who live outside Wales must not enter or remain in the country without a reasonable excuse. They will be people who will be traveling for reasonable reasons, people who have to go to work and can travel, people who have to attend medical appointments and can travel and people who are going to school can travel to do so. (more...)
KLM pilots willing to discuss wage freeze for state aid - union KLM pilots willing to discuss wage freeze for state aid - union
- November 02, 2020

The company announced Friday that it had lost 234 million euros ($233 million) in the third quarter as a result of the aviation stagnation caused by the coronavirus pandemic. The FNV union for ground and cabin crews however declined to agree to the stricter terms this weekend as it waited for the piots to move. In a letter to parliament, Hoekstra left the door open for the bailout if all KLM employees agreed to the five-year wage freeze. (more...)
Tesla hikes price of 'Full Self-Driving' option to $10000 Tesla hikes price of 'Full Self-Driving' option to $10000
- November 02, 2020

Musk had previously said that Tesla could achieve this goal by the end of 2020, but now it seems unlikely that this will happen with the FSD beta only scheduled for a wider release in December, and that version is still expected to rely heavily on driver attention. (more...)
United Kingdom lockdown may need extending - minister United Kingdom lockdown may need extending - minister
- November 02, 2020

Michael Gove eventually admitted to Sophy Ridge that "yes" - lockdown could carry on beyond 2 December, and said the review will be "driven by the data" and the R number - the coronavirus reproduction rate. Walport said that it is not going to be the same as what happened during the first lockdown as more people are working now. "'And of course, as we know, there's a lag between a case developing and then hospitalization, and then the awful consequences of severe illness or death", he said ... (more...)
Biden's lead widens in Rust Belt, poll shows Biden's lead widens in Rust Belt, poll shows
- November 02, 2020

The candidates are seeking to lead a nation at a crossroads, gripped by a historic pandemic that is raging anew in almost every corner of the country and a reckoning over race. It was unclear precisely what Trump meant. However, the outcome of the election will be decided not nationally, but by a handful of battleground states. (more...)
Game Black Friday sale launched - Here are the best deals Game Black Friday sale launched - Here are the best deals
- November 02, 2020

While we're probably going to observe a lot more arrangements go live on Black Friday itself, the present limits do bring the absolute best costs we've seen on various essential devices. Visit Target.com for a closer look at " Black Friday Now" deals and to access dozens of gift lists as guests plan to shop deals for everyone on their list. (more...)
UK's Johnson says there is no alternative to lockdown By UK's Johnson says there is no alternative to lockdown By
- November 02, 2020

The United Kingdom, which has the biggest official death toll in Europe from COVID-19, is grappling with more than 20,000 new coronavirus cases a day and scientists have warned the "worst case" scenario of 80,000 dead could be exceeded. He fell ill with COVID in late March and was hospitalised in early April. "These new rules are focused on two sources which are, verifiably, conducive to the spread of the virus; entertainment and the movement of people", Prime Minister Kyriakos Mitsotakis ... (more...)
Apple ordered to pay VirnetX $503 million for patent infringement Apple ordered to pay VirnetX $503 million for patent infringement
- November 02, 2020

Those earlier jury awards included two verdicts of $625 million and $302 million in 2016. In a statement, an Apple spokesperson said that the company would appeal the decision, pointing to the fact that the patents the case is based on were determined to be invalid by the patent office. (more...)
Biden to make last-minute campaign stop in OH on election eve Biden to make last-minute campaign stop in OH on election eve
- November 02, 2020

Trump is very reliant on robust turnout among his supporters this Tuesday", CBS said in its analysis. It takes 270 electoral votes to win the presidency. According to an aggregate of polls by RealClearPolitics, Biden and Trump are neck-and-neck in oh, with the former vice president leading by less than one-quarter of a percentage point, indicating the race will be one to watch Tuesday night. (more...)
Trump, Biden’s Indian-American supporters intensify their campaign Trump, Biden’s Indian-American supporters intensify their campaign
- November 01, 2020

The Republican incumbent aims to generate enough momentum to drive an overwhelming turnout by his supporters on Tuesday, Election Day . Vice President Mike Pence is in North Carolina and Sen. Under a scenario where the size of the Election Day vote decreases by an average of 3 points from the initial estimates, Mr. Biden would win 375 electoral votes to Mr. (more...)
CDC is lifting cruise ban in USA waters -- but it's 'conditional' CDC is lifting cruise ban in USA waters -- but it's 'conditional'
- November 01, 2020

The Cruise Lines International Association, which represents 95% of global ocean-going cruise capacity, said companies are "committed to resume sailing in a responsible manner that keeps public health in the forefront". Holland America, which is based there during the fall-to-spring cruise season, has so far canceled roughly half its originally planned 47 cruises, and its first sailing still on the books is not until December 19. (more...)
Coronavirus: Oil prices extends losses with 4% slump on renewed lockdowns Coronavirus: Oil prices extends losses with 4% slump on renewed lockdowns
- November 01, 2020

The price of the U.S. benchmark ( West Texas Intermediate ) crude contract fell 48 cents, or 1.3 percent, to $ 35.69 a barrel, after falling yesterday to its lowest level since June. House of Representatives Speaker Nancy Pelosi said on Monday she was hopeful a deal with the White House can be reached before the November 3 elections. (more...)

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